AUD/JPY profit target reached, now we remain bullish - Forex247

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Thursday, April 6, 2017

AUD/JPY profit target reached, now we remain bullish

AUD/JPY has dropped absolutely perfectly and reached our profit target from 2 days ago. Now we buy above 83.73 support (Fibonacci retracement, Fibonacci extension, and horizontal support) for a bounce towards 84.91 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is bouncing off nicely from our 5% support signaling a bounce is in action.

Buy above 83.73. Stop loss is at 83.18. Take profit is at 84.91.

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The material has been provided by InstaForex Company - www.instaforex.com


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